Financing home purchase in China, with special reference to Guangzhou

Si Ming LI*, Zheng Yi

*Corresponding author for this work

Research output: Contribution to journalJournal articlepeer-review

50 Citations (Scopus)


This paper examines the role of personal housing loans in advancing homeownership in urban China. The focus is on the Housing Provident Fund (HPF) and commercial bank mortgage loans. National data show that the use of HPF loans and bank loans has only become more common since 1998, but their share of the total expenditure on home purchase remains relatively small. Data derived from household surveys conducted in Guangzhou in 2001 and 2005 show that personal savings and parental contributions are the most important sources of home finance. The affordability of housing is closely tied to personal savings. To date, access to mortgage finance has played a relatively minor role in China's drive towards homeownership.

Original languageEnglish
Pages (from-to)409-425
Number of pages17
JournalHousing Studies
Issue number3
Publication statusPublished - May 2007

Scopus Subject Areas

  • Environmental Science (miscellaneous)
  • Sociology and Political Science
  • Urban Studies

User-Defined Keywords

  • China
  • Financing home purchase
  • Guangzhou
  • Housing Provident Fund
  • Mortgage loans


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